What is diversification in investing?
An example of an AI chatbot conversation about diversification in investing.
What is diversification in investing?
Diversification is an investment strategy that involves spreading your investments across various assets to reduce risk.
Why is diversification important?
It's important because it helps mitigate the risk of losing money. If one investment performs poorly, others may perform well.
How can I diversify my portfolio?
You can diversify by investing in different asset classes like stocks, bonds, real estate, and commodities.
Is there a rule of thumb for diversification?
A common rule of thumb is to hold a mix of 60% stocks and 40% bonds, but it depends on your risk tolerance.
Can diversification guarantee profits?
No, diversification cannot guarantee profits, but it can help reduce the overall risk of your investment portfolio.
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